SPDR S&P 500 (SPY): Foot: I thought yesterday that 1326.25 w...

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Re: Footquarters post# 43002

Tuesday, 03/04/2008 9:58:34 AM

Tuesday, March 04, 2008 9:58:34 AM

Foot: I thought yesterday that 1326.25 would hold. It did not and I got stopped. Now it looks like the down trend is dominant. Next possible stop =1308.2 (?!). This would be not only the slow fractal resistance but also a level at which both the FRAMA and the 50MA changed concavity in Sep/Oct [ F(x)’’ = valid inflection point].

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